Author: TechBrunch

Wayve, a UK-born startup developing self-learning rather than rule-based systems for autonomous driving, has completed $1.05 billion in Series C funding led by SoftBank Group. This is the largest AI funding in UK history and ranks among the top 20 AI fundings in the world to date. Nvidia and existing investor Microsoft also participated in the funding. Waye's early stage investors included his head of AI at Meta, Yann LeCun. Founded in Cambridge in 2017, Wayve raised $200 million in a Series B round led by Eclipse Ventures in January 2022. The company will use the new capital injection to…

We all seem to agree that Kendrick Lamar defeated Drake in one of the most heated rap battles of the past decade. To add insult to injury, Drake landed himself in legal hot water when he deepfaked the late rapper Tupac. Tensions between Lamar and Drake go back decades, but this latest feud began last fall when J. Cole released a song in which he called Drake, Lamar, and himself rap's “Big Three.” Ta. In March of this year, Lamar finally responded, rejecting Cole's claims in scathing words disparaging Cole and Drake. A fight broke out, and soon legions of…

As U.S. regulators continue to increase scrutiny of cryptocurrencies, startups and founders in the space are looking overseas for more friendly environments to support their growth. One such destination is Hong Kong, which is aiming to regain its status as a financial hub and is banking on favorable crypto regulations to attract new entrepreneurs, technologists, and investors in droves. ing. So far, that strategy seems to be working. In mid-April, the annual Web3 Festival in Hong Kong attracted more than 50,000 attendees. There were significantly more non-Chinese participants than last year, when the event felt more like a gathering of…

The city's Web3 Carnival this year attracted significantly more participants from around the world As U.S. regulators continue to increase scrutiny of cryptocurrencies, startups and founders in the space are looking overseas for more friendly environments to support their growth. One such destination is Hong Kong, which is aiming to regain its status as a financial hub and is banking on favorable crypto regulations to attract new entrepreneurs, technologists, and investors in droves. ing. So far, that strategy seems to be working. In mid-April, the annual Web3 Festival in Hong Kong attracted more than 50,000 attendees. There were significantly more…

DocuSign is reportedly considering selling to private equity, and is also acquiring companies itself. On Monday, DocuSign announced it would acquire contract workflow automation startup Lexion for $165 million. The acquisition comes as DocuSign is increasing its investments in the contract management space, recently adding DocuSign IAM, a service aimed at connecting the various components of the enterprise contract creation and negotiation process. It has started. Lexion was incubated at the Allen Institute for Artificial Intelligence (AI2), the AI-focused research arm of the nonprofit Allen Institute. Oberoi founded the company with his lead Emad Elwani, a former Microsoft research software…

Opera's in-browser AI product, Aria, can now summarize text-based web pages on Android. The AI-powered web page summarization tool quickly condenses news articles, blog posts, or research papers into short summaries that typically fit on his one screen. The new feature, announced Monday, helps users quickly understand topics and pinpoint important details. To use it, visit any text-based web page, tap the three dots in the top right corner of the Opera Android browser, and select the “Summary” option next to the Aria icon. A chat with Aria will pop up and include the requested summary. To access this feature,…

Launching a startup is difficult. Building a company to support startups is equally difficult. That's the conclusion from TechCrunch's report on Techstars and Newchip. In Newchip's case, the accelerator seemed to promise more than it delivered. Incorporate a culture that at best seems chaotic, with accelerators going bankrupt and startups closing their doors over potential stock options. It's a mess. Techstars is different. The company has been restructuring its business in recent years. That led to increased sales and the termination of some programs. But unlike Newchip, Techstars is deep-funded, invested, and helping startups do more, faster. Every time a…

An international coalition of law enforcement agencies has reinstated the dark website of the notorious ransomware group LockBit, which it seized earlier this year, hinting at new revelations about the group. On Sunday, what was once LockBit's official darknet site resurfaced online, with new posts suggesting that, at the time of writing, authorities plan to release new information about the hackers in the next 24 hours. It was done. Posts include “Who is LockBitSupp?”, “What did we learn?”, “More LB hackers exposed”, and “What have we done?” It has a title. In February, a law enforcement coalition including Britain's National…

Many founders face difficult decisions about where to set up shop in the early stages of their business. For deep tech founders, the decision is complicated by the fact that they typically need more from their space. Sometimes you need a lab bench, sometimes you need a lot of power, and sometimes you need space for large equipment. It's not as simple as signing up for a desk at your local coworking space. Until now, deep tech founders have often had to go it alone. When they moved from academic labs to the startup world, there wasn't much help. But…

The news that Jack Dorsey will be absent from the Blue Sky this weekend caused a stir. After all, Mr. Dorsey is a former Twitter co-founder and CEO, so his investment of time into his rival social network was a significant one. The decentralized social networking service is looking for new executives, he said. But today we got to talk about an update on Mr. Dorsey's stock, but that wasn't the only topic we talked about. Ahead of a busy earnings week, we also dug into the latest employment news for China's tech giants. Like many big tech stores in…